As part of the formation of NewCo, Mr. Dollinger w
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Posted On: 06/15/2024 2:04:29 PM
As part of the formation of NewCo, Mr. Dollinger will become its Chief Executive Officer,
and was issued 1.0 million common shares of NewCo as partial compensation
for services to be provided (the "Dollinger Shares"
This is very blurry, looked into the filings of PlantX, yet no information clarifying.
Retail investors are paying for the transaction, as OS is 98-99% and free float.
As I read the article over again, I cant help see the paralells to the Namaste - Scandal,
meaning Dollinger is taking a huge chunk of the Cayman Island shell company (1M of total 6M).
This is going to be NewCo, not PlantX over time - that`s IMO the plan.
Time will tell, yet as it is a significant transformation on the company -
one could expect more and detailed information on the new deal.
As always, do your own research to make informed decisions.
and was issued 1.0 million common shares of NewCo as partial compensation
for services to be provided (the "Dollinger Shares"
This is very blurry, looked into the filings of PlantX, yet no information clarifying.
Retail investors are paying for the transaction, as OS is 98-99% and free float.
As I read the article over again, I cant help see the paralells to the Namaste - Scandal,
meaning Dollinger is taking a huge chunk of the Cayman Island shell company (1M of total 6M).
This is going to be NewCo, not PlantX over time - that`s IMO the plan.
Time will tell, yet as it is a significant transformation on the company -
one could expect more and detailed information on the new deal.
As always, do your own research to make informed decisions.
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Robert
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